Sell Crude Oil Around 5460 SL Above 5490 TGT 5430/5380 - Axis Securities
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Crude oil
Crude oil prices closed in red in last trading session. Prices was down by more than 2 percent. On hourly it closed around 5400 level. Moreover, on hourly chart RSI is trading below 60 level which indicate that momentum is sideways for prices. Prices is facing strong resistance around 5460 level from past few days which is a supply zone for prices. Traders may sell near the mentioned level for the target of 5430 on intraday basis.
SELL CRUDE OIL AROUND 5460 SL ABOVE 5490 TGT 5430/5380
COPPER
Copper prices traded volatile in last trading session and closed on a negative note and closed above 740 level .However on hourly chart prices is trading above 60 days ema which is a positive sign for prices Traders may buy Copper on dips around 737 for the target of 740 on intraday basis.
BUY COPPER AROUND 737 SL BELOW 734 TGT 740/743
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